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Season of cheer, Sensex soars


Finance minister Pranab Mukherjee on Wednesday said the Indian economy could grow by 8 per cent in 2009-10, aiding an optimistic mood in the equity markets where the benchmark BSE Sensex recorded a handsome 539-point gain in the biggest single-day jump in seven months.

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Sensex soars on opening


Mumbai, Dec 23 - A key Indian equities index rose sharply at opening bell Wednesday and moved up 100 points within minutes of trade.


The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 16,723.96 points and was ruling at 16,792.24 points, up 100.24 points or 0.6 percent from its previous close at 16,692 points, within five minutes of trade.


Around the same time, at the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at 5.012.35 points, against the previous close at 4,985.85 points, a gain of 0.53 percent

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Stock exchanges to open at 9 am from 4th January


Under the instructions of the securities and exchange board of India (SEBI), the two stock exchanges, National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have decided to change the opening of the stock markets. The two stock exchanges will open at 9 am, instead of 9:45 am from 4th January, which will be the first trading day of the year 2010.


According to one of the market analyst, the two exchanges are still trying to work out a common decision. Their postponement of the date of early opening to two weeks can’t cool down the protests from the brokers.

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DB Corporation’s IPO to hit primary market on Friday


DB Corporation, the publisher of Dainik Bhaskar newspaper, has decided to launch an IPO on Friday. A total of 18,175,000 shares will be offered, with a face value of Rs. 10 per share.


The company has fixed the price band of the IPO at Rs. 185 to 212 per share. At the higher end of the IPO, the company has expected to get around Rs 385 crore. The IPO has been scheduled to close on 15th December

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Sensex Closes Weak On Dubai World Debt Fears


Indian stock markets remained weak owing to Dubai debt crisis worries on Friday.

Huge selling pressure was witnessed across funds as well as sectors including real estate, banking and metals.

Sensex lost more than 500 points during the opening trade in reaction to Dubai's debt postponement that hurt investor response throughout the world and recorded a steep fall later hitting a low of 16,210.44.

But, the stock index shed the majority of its losses and made recovery from day's low to lastly end the day on a feeble note.

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Markets Plummet On Dubai's Debt Concerns; Realty Stocks Hit Badly


Equity markets were trading weak, mirroring a similar fall in global markets, after Dubai World asked creditors if it can delay its debt obligations until May.

Heavy selling pressure was witnessed across realty, banking, metal and consumer durable stocks.

BSE Midcap and Smallcap index plunged 2.46 percent and 2.64 percent respectively.

Dubai had collected $80 billion of arrears by escalating in banking, realty and transportation. S&P had assigned the ratings of four Dubai-based banking institutions on negative viewpoint owing to their exposure to Dubai World.

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Buy SAIL With Stoploss Of Rs 194


Stock market analysts are of the view that investors can buy Steel Authority of India Limited (SAIL) stock to achieve an intraday target between Rs 199-202.

According to them, investors can buy the stock above Rs 197 with a strict stop loss of Rs 194.


Shares of the company, on Tuesday (Nov 24), closed at Rs 194.05 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 195 and a low of Rs 58.80 on BSE.

Current EPS & P/E ratio of the stock stood at 12.84 & 15.40.

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0.6% Rise Recorded by FTSE on Friday, Commodities and Banking Stocks Lead


Recording a 0.6% rise, UK's top share index, FTSE moved into a positive territory, on the back of unexpected hikes in stocks, commodities and banking in particular. By 9 am, the index had surged by 30.65 points, to stand at 5298.35, a substantial rise from the closing figures recorded on Thursday, which were 5267.70.

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Buy Pratibha Ind With Stoploss Of Rs 256


Stock market analysts have maintained 'buy' rating on Pratibha Industries Ltd with an intraday target of Rs 270.

According to them, interested traders can purchase the stock above Rs 265 with a strict stop loss of Rs 256.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 280.

Shares of the company, on Friday (Nov 20), closed at Rs 262.30 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 263.40 and a low of Rs 47.40 on BSE.

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Singapore shares rise 2.08 per cent


Singapore - Singapore shares rose 2.08 per cent on Monday as stock markets around Asia posted gains.


The key Straits Times Index climbed 56.62 points to 2,783.85, with winners beating losers by 453 to 113. (dpa)

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Stocks mixed in morning session in Tokyo


Tokyo - Stocks on the Tokyo exchange were mixed Monday in early trading.

The benchmark Nikkei 225 Stock Average edged up 12.38 points, or 0.13 per cent, to 9,782.69.

The broader Topix index fell 4.05 points, or 0.47 per cent, to 862.75. (dpa)

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Dinning&Shoping

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PORTGRAND MAP







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Money Counter


Slight movement was seen on the currency market on Wednesday as the rupee hardly moved versus dollar on the currency market, dealers said. On the interbank market the rupee inched up with a gain of one paisa in relation to dollar for buying and selling at 83.70 and 83.74, dealers said.

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US stocks gain on Ford profits, positive economic news



New York - US stocks started the week stronger Monday amid a surge of positive economic news and surprising profits for carmaker Ford.


Ford Motor Co reported a net income of 997 million dollars in the third quarter, its first operating profit since the first three months of 2008.


Economic data on manufacturing, construction and housing all helped push stocks higher. US factory output grew at its fastest pace in three years, according to an index of the Institute for Supply Management.

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Corporate earnings, stronger yen push Tokyo stocks down


Tokyo - Stocks in Tokyo on Monday fell on disappointing earnings reports, a stronger yen and pessimistic evaluations of the global economy.


The Nikkei 225 Stock Average plummeted 231.79 points, or 2.3 per cent, to close at 9,802.95.


The broader-based Topix index was also down 14.13 points, or 1.58 per cent, at 880.54, ahead of the stock market's closure Wednesday for the Culture Day holiday.

On currency markets at noon (0300 GMT), the dollar traded at 89.96-97 yen, down from Friday's 5 pm quote of 91.09-12 yen.

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Weaker yen sends Tokyo stocks up


Tokyo - Tokyo stocks rose in morning trading Monday as the yen weakened and investors went bargain hunting.

The Nikkei 225 Stock Average climbed 99.9 points, or 0.97 per cent, to 10,382.89.


The broader-based Topix index also rose 11.26 points, or 1.25 per cent, to 913.29.


On currency markets at 9 am (0000 GMT), the dollar traded at 92.11-13 yen, up from Friday's 5 pm quote of 91.80-83 yen.


The euro traded at 1.4993-97 dollars, down from 1.5024-27 dollars in late trading Friday, and at 138.12-14 yen, up from 137.95-99 yen.

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Sensex, Nifty Slip Into The Red; M&M, RCom Decline


The Sensex trimmed some of its gains due to profit booking and the negative opening of the European markets.


Realty, IT and metal stocks showed some resistance, while oil & gas, capital goods and power stocks were seeing selling pressure.


BSE Midcap and Smallcap index rose 0.01 per cent and 0.05 per cent respectively.


At 1:51 pm, Bombay Stock Exchange's Sensex lost 63.26 points at 17262.75 after touching a low of 17205.38 and high of 17457.26.


On the other hand, National Stock Exchange's Nifty stood at 5121.55, down 20.25 points. The index touched a low of 5105.05 and high of 5181.95.

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Intraday Buy Call For Jindal Saw


Stock market analysts have maintained 'buy' rating on Jindal Saw with an intraday target of Rs 810.

According to them, interested traders can purchase the stock above Rs 800 with a strict stop loss of Rs 792. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 821.

Shares of the company, on Saturday (Oct 17), closed at Rs 797.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 88.70 and 9.04 respectively. The share price has seen a 52-week high of Rs 803.70 and a low of Rs 135 on BSE.

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Sensex Ends Flat On Profit Booking


The Sensex ended the week on a flat note after losing almost all intraday gains on Friday.


FMCG, healthcare and IT stocks remained the major gainers of the day, while oil & gas and capital goods witnessed heavy profit booking.

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Tata Consultancy Service Ltd Long Term Buy Call: Abhishek Jain, StocksIdea.com


TCS is a part of one of Asia's largest conglomerates "TATA Group", which is having presence in Energy, Automobiles, Telecommunications, Financial Services, Chemicals, Engineering and Materials etc. Company has presence in 34 countries across 5 continents and seven of the Fortune Top 10 companies are in its valued customers list. Company has launched its most integrated business accounting software "Personal Accountant" in Guwahati in 2000. Company has emerged as Asia's largest software and Services Company launched its computer security consultancy practice.

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Banks drive sensex to 17-month closing high


Mumbai, Oct. 16 : Banking stocks drove the Bombay Stock Exchange (BSE) sensex up by 0.74 percent to its highest close in 17 months despite witnessing a slide in metals maker Sterlite Industries after it sold debt checked the gains on Friday.


Sentiment was also upbeat as optimism about quarterly earnings of companies lifted world stocks towards highs last seen before the collapse of Lehman Brothers.

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Hindustan Unilever Ltd Long Term Buy Call: Abhishek Jain, StocksIdea.com


Hindustan Unilever Ltd. country's leading fast moving consumer goods company and amongst those enjoying the largest branded market coverage, is a 51% subsidiary of Unilever Plc, UK. In 2000 Company launched the International Lux Skincare range, "Sunscreen Formula". In this year only HUL acquires Modern Foods, the first public sector company to be divested by the Government of India. For "Clinic All Clear" on the Net, Hindustan Unilever has launched a host of Web Promotions on popular Websites that include Rediff. com, Sify. com, Indya. com, Uthplanet. com, Hungama. com and C2W. com.

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Sensex opens higher, up 85 points in early trade


Mumbai, Oct 12 - A key Indian equities market index opened in the green Monday and within five minutes had moved up 85 points higher than its previous close.


The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened higher at 16,687.32 points and, five minutes into trade, was at 16,728.4 points, 85.74 points or 0.52 percent higher than its previous close at 16,642.66 points.


The S&P CNX Nifty of the National Stock Exchange (NSE) was also in the positive terrain at 4,963.35 points, up 0.37 percent from its last

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Sensex Closes Week On A Flat Note


The 30-share index BSE Sensex closed the volatile session on a flat note on Thursday.


Buying was seen across Teck, IT and banking shares, whereas healthcare, auto and consumer durables remained under heavy pressure.


The index belled the day positively after gaining 59.36 points at 17,186.20 following subdued worldwide signals. Later, it lost its sheen amid volatility on account of passive indications from global markets prior to long week end. At last it marked its closure on a flat note, sustaining 17,000 mark.


The BSE Midcap index declined 0.35% while Smallcap index dropped 0.04%.

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Bulls on rampage again


Mushrooming inflows from foreign institutional investors (FIIs) and a strong results expectation for the second quarter helped the Sensex to continue on the upswing as it breached the 17,000 mark after 16 months on Wednesday.


The Sensex rose 1.6 per cent or 274 points to close at 17,127, while the more broadbased NSE Nifty rose 1.5 per cent or 77 points to close at 5,084.


Riding the momentum, the initial public offering (IPO) of Oil India Ltd saw a strong listing after a dismal performance of other high-profile IPOs such as NHPC and Adani Power.

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Wall Street retreats on manufacturing, labour reports


New York - US stocks tumbled Thursday after a higher-than- expected weekly unemployment report and a drop in a key gauge of manufacturing.


The benchmark indexes opened lower following a report that the number of Americans filing first-time claims for unemployment benefits increased by 17,000 to 551,000 last week.


The retreat continued after the Institute for Supply Management said its manufacturing index - a private barometer of business activity - dropped to 52.6 in September from 52.9 in August.

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Tokyo stocks fall 2.4 per cent in morning trading


Tokyo - Japanese stocks slumped in Friday morning trading as the yen further strengthened against the dollar.

The Nikkei 225 Stock Average lost 245.22 points, or 2.46 per cent, to stand at 9,733.42.


The broader-based Topix index also fell 22.66 points, or 2.53 per cent, to 873.46.


A stronger yen negatively affects the competitiveness of Japanese exporters overseas.

On currency markets at 9 am (0000 GMT), the dollar traded at 89.52-55 yen, down from 89.97-99 yen in late trading Thursday.

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Truncated week sees Sensex cross 17,000 points


New Delhi, Oct 2 In a truncated trading week, the benchmark index of Indian equities markets crossed the 17,000-mark for the first time in 16 months.


In a truncated trading week, due to two public holidays Monday and Friday, the 30-share sensitive index (Sensex) ended 441.55 points, or 2.65 percent higher, at 17,134.55 points at weekly close Thursday, as opposed to the previous week's close at 16,693 points.


The Sensex rose consecutively Tuesday and Wednesday, and managed to hold on to the gains Thursday.

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US stocks fall despite housing gains


New York - US stocks fell on Tuesday amid a drop in consumer confidence and concerns about unemployment, even as data showed housing prices soared in July by the most in four years.


Consumer confidence dropped fell to 53.1 points from a revised 54.5 in August, amid rising unemployment, the New York-based Conference Board said Tuesday.


Investors were also concerned about September unemployment figures that are due out Friday. The US unemployment rate jumped to 9.7 per cent in August, soaring to a 26-year-high, as employers slashed an additional 216,000 jobs.

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Nifty To Maintain Above 5,020 For A Target Of 5,080-5,150: Nirmal Bang


The Nifty managed to close above the 5K mark as huge buying continued to see in pharma, IT and oil & gas stocks which kept the market momentum going. The Sensex closed up 160 points at 16,853 after trading in the narrow range of 16,907 - 16,802. The Nifty shut at 5,007 up 48 points or 0.97%. Among the broader indices, midcap and smallcap were also up 1% each. The breadth remained strong for the entire session but the market total turnover were lower at 65,365 cr. The Oct Nifty future ended with 10 points discount.

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World Market Review and Indian Stock Market Analysis By Nirmal Bang


U. S. stocks declined as technology shares retreated from a one? year high and energy producers dropped as a stronger dollar dragged down oil, overshadowing the biggest gain in home prices in four years. Technology shares in the S&P 500 fell 0.7 percent after closing yesterday at the highest level since September 2008. The group is still the best? performing industry in 2009, having surged 45 percent. The S&P 500 Energy Index slumped 0.6 percent as the U. S. currency gained. Exxon, the biggest U. S. oil producer, lost 0.8 percent to $69.07.

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Sensex crosses 17,000 mark for the first time after financial crisis


Mumbai, Sep 30 : The benchmark index of the Bombay Stock Exchange (BSE) climbed above 17,000 points on Wednesday for the first time since May 2008.

The BSE index rose to more than one percent in its early trade as investors betted on strong quarterly earnings.


The market continued with its upward march taking cues from peers in Asia and on hopes of revival in global and domestic economy.


The BSE Sensex was at intra-day high of 17026.31, up 173.40 points or 1.02 per cent. The index touched an intraday low of 16868.46.

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Sensex Hits 17K Mark; Nifty Up 62.20 pts


The Sensex continued to trade strongly and maintained 17,000 mark on account of constant buying witnessed in banking, metal and IT stocks.


Mirroring strong buying at side counters, BSE Midcap and Smallcap index surged 0.50% and 0.97% respectively.


The 30-share index, BSE Sensex opened with a gain of 15.55 points, at 16,868.46 on Wednesday.


At 12:59 p. m., the 30-share index Sensex, which belled the day after gaining 15.55 points at 16,868.46, stood at 17,034.40, up 181.49 points. It also hit a high of 17,053.98 and a low of 16,868.46.

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Camlin Limited Long Term Buy Call: Abhishek Jain, StocksIdea.com


Company was incorporated on 24th December 1946, as a private limited company with the main object of taking over the running business of M/s. Dandekar & Co., which was founded by late G. P. Dandekar and D. P. Dandekar in 1931 at Girgaum, Mumbai. The Company manufactures stationary products, art materials. The Company was converted into a public limited company on 24th March 1988 and the name was changed to Camlin Ltd.

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Thinksoft revises price band, offer to close on October1


The Karnataka-based Thinksoft Global Services Limited has extended the closing date of IPO till October 1, 2009, revising offer band price to between Rs 115 and Rs 125, against its earlier band of Rs 120-130. The company did not divulge any specific reason for the development, but reports claims that the move is led by poor response to the IPO, which was, as per reports, subscribed just 62 per cent.


The official spokesperson for the company said that its board weighed various options before revising the date and price band for the Initial Public Offer.

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Welspun Gujarat raises $150 million


Welspun-Gujarat Stahl Rohren, the flagship of Welspun Group, has raised $150 million (nearly Rs 720.2 crore) by way of foreign currency convertible bonds (FCCBs) issue.
The company will utilize the money to invest for capital expenditure, investments in growth opportunities and other usage in accordance with applicable statutory and/or regulatory requirements.


The company has priced FCCBs at $130 million with an option to raise an additional amount to the tune of $20 million if the issue is fully subscribed.

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Indian Stock Market & World Stock Market Review By Nirmal Bang


 The markets maintained their upward movement for the third consecutive day on the back of strong buying witnessed in the Index heavyweight like Reliance Ind & State Bank of India which has been consolidating for quite some time.


Global Asian cues were also positive today. Hang Seng was up 2.14% and Shanghai rose 1.71% and Taiwan Weighted gained 1.2%. The Sensex closed up 107 points to
16,123 and the Nifty rose 22 points to 4,805 after hitting an intraday high of 4842.

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US stocks climb on oil, gold hikes


New York - Major Wall Street indices gained Tuesday as price increases for oil and metals including gold fuelled a rally in commodity and energy shares.


The dollar hit a 2009 low against the euro, helping the commodity price hikes. The US currency dropped to 69.03 euro cents and 92.31 Japanese yen.


The price of crude oil climbed 4.5 per cent to 71.1 dollars per barrel, and gold futures climbed above 1,000 dollars per ounce. Copper jumped more than 3 per cent.


Shares of Alcoa, Chevron and Exxon Mobil climbed more than 2 per cent.

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Indian Stock Market & World Stock Market Review By Nirmal Bang


The Sensex closed higher for the fourth consecutive day on the back of sharp upside in Reliance Industries, which gained 4.5%. Metal stocks continued their run up today as well and banking stocks were the other gainers.


However, selling in telecom, realty, power, FMCG, auto, oil marketing, capital goods and select technology stocks limited the gains. Asian markets ended mixed. Shanghai and Jakarta gained 0.5% while Hang Seng, Nikkei, Straits Times, Kospi and Taiwan fell 0.4-1%.


In the metal space, Hindalco gained 4.14%. NALCO, Sterlite Industries and Tata Steel were up 0.8-

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USD / JPY Technical Forex Analysis for Forex Traders

Finally, we have tested the most important support level in the current price area: 91.73-91.76, which is the small support area that holds within the lows of July 8th, 10th, and 13th. Price hardly held above it after reaching 91.60. And we think that breaking it would have enough influence to "finally" accelerate the downtrend, and would be followed by a move down to 90.90 or even 89.69. As for attempts to go higher, they would not mean anything without a break of Fibonacci 61.8% resistance at 92.20, which stopped the rise twice, during the American & Asian sessions. If this resistance is broken, we think the USDJPY will target areas above 93 such as 93.42, and if this one is also broken, the next stop would probably be 94.16.
Support:

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Sensex Sheds Some Gains On Profit Booking


The 30-share index Sensex, which gained more than 248 points during the opening trade today, has shed some of its gains owing to some profit booking witnessed across front line stocks.


Banking, healthcare and metal stocks were in the lead, while real estate and auto slipped in the negative terrain.


BSE Midcap and Smallcap index increased 0.34% and 0.21% respectively.


For the week ended on August 29, 2009, Inflation stood at -0.12% as against -0.21% during the last week ended on August 22, 2009.

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Nifty Crosses 4,800 Pts; Highest Level In Nearly 15 Months


During the early trading session today, the broad-based Nifty crossed 4,800-points level for the first time in 15 months.

The 30-share index BSE Sensex also remained up and gained more than 122 points.


The markets gained on the back of increased inflow of foreign funds driven by strengthening trends in other Asian markets.


Previously, the Nifty posted 4,821.30 points on June 2 2008. It hit a 52-week high of 4743.75 on Monday (Sep 07, 2009).

The Sensex had gained around 617 points during the last two trading sessions.

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Shares rise 2.3 per cent in Seoul


Seoul - Shares surged 2.3 per cent Thursday on the Seoul stock exchange on strong buying by foreign investors while South Korea's currency gained against the dollar.



The benchmark Kospi index soared 36.91 points to close at 1,644.68.


Advancing issues outpaced decliners 604 to 217.

The main index of the technology-heavy Kosdaq market inched forward 4.81 points to 525.01.

On currency markets, the US dollar was quoted at 1,224.50 Korean won, after 1,227 won Wednesday. (dpa)

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Stock Mkt Is Expected To Remain Strong, Says Sharekhan


The BSE Sensex surged 1.2% on Thursday, extending gains into a fifth successive session, backed by strong world markets and expectations the administration would focus on ensuring growth.


Financial stocks including private-sector lenders ICICI Bank and HDFC Bank headed the gaining chart on signs the easy economic position would continue to improve consumer spending.


India's main economic concern was lifting growth rather than inflation, Finance Secretary Ashok Chawla said on Wednesday, adding he saw no need for RBI to alter policy.


Market traders said this suggested interest rates would not climb rapidly and helped boost overall reaction.

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After Market Report : Nirmal Bang

http://friendfinder.com/go/g1361203


Market Round Up

The benchmark index extended its winning streak to the fifth day and ended flat as profit-taking erased earlier gains. The Sensex advanced 33 points to close at 16,216 after trading between 16,434 and 16,166. The Nifty ended with just 5 points gain at 4,819 after shedding 69 points from day's high of 4889. Metals, banking and IT stocks posted gains today, realty and auto counters ended lower. The volumes were very high, total traded turnover was at Rs 1,01,849 cr. as against Rs 78,551 cr. and the market breadth was also negative. The Sept Nifty future ended with 15 points discount.


Movers & Shakers

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Advani may take up “Yatra” from Sep.15

 New Delhi, Sep 5 : Senior BJP leader Lal Krishna Advani is all set to take up nationwide ''Yatra'' to boost the morale of party cadres and conduct a talent-hunt among the GenX of the party.


Advani would launch his ''yatra'' around September 15 either from Jammu or Kerala, a report published in the Manoramaonline. com quoted a source close to Advani as saying.


Advani would also visit the three states of Maharashtra, Haryana and Arunachal Pradesh where the State Assembly polls are scheduled in the first week of October, as part of his yatra.

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India’s proof in 26/11 Mumbai attacks probe insufficient: Pakistan


Multan (Pakistan), Sep 5 : The Government of Pakistan on Saturday claimed that the evidence provided by Government of India regarding the 26/11 Mumbai attacks probe is insufficient and further movement will depend upon India’s response.


“India’s proof is not enough to carry the 26/11 probe. India needs to take the next step to carry the probe further,” Pakistan Foreign Minister Shah Mehmood Qureshi said during a press conference.

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Werner Herzog on crazed roles and crazy actors


Venice, Italy - While researching an idea for a movie, German director Werner Herzog visited a US trailer-park to interview a man who spent eight years in a mental asylum for killing his mother with an antique sabre.

"I could tell he was still insane and dangerous," the legendary director said.


Then something on the wall of the man's decrepit trailer sent a chill down his spine: a poster of his own film, Aguirre, the Wrath of God, displayed together with a candle and a crucifix.

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Ecclestone: Renault not yet found guilty


London - Grand Prix supremo Bernie Ecclestone does not yet consider Formula One team Renault guilty of cheating, he said in an interview published in the Daily Mail on Saturday.

"That the FIA World Motor Sport Council has become active does not mean that Renault is guilty," he is quoted as saying.


Renault is accused of deliberately instigating a crash at last year's Grand Prix in Singapore, which Alonso won after he was the only driver to have undertaken a fuel stop before the safety car phase.

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India anguished over Nepal temple priest attack

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New Delhi, Sept. 5 : Following the attacks on two Indian priests at the Pashupatinath temple in Kathmandu, India said that the incident has caused deep anguish and serious concern in the country.

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The Government said that the matter about the assault on the two newly appointed priests in revered Pashupatinath Temple was immediately taken up with Nepal authorities.

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“The attack on the two newly appointed Indian priests, Girish Bhatt and Raghavendra Bhatt, at the revered and sacred Pashupatinath temple in Kathmandu on September
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